Latin Manharlal Group, A Successful & Leading Provider of Financial Services for over two decades. It has become synonymous name with Reliability & Trust for their customers pan India with more than 200 channel partners and catering to more than 35000 clientele. Latin Manharlal group has evolved itself from mere Equity Broking business to a full fledged Financial Service Provider through its various group companies.

Monday, 27 June 2016

Will the Weather Gods be kind to Dalal Street?

At a time when Dalal Street
traders are fretting over the potential impact of Britain’s shocking decision
to exit the European Union, some help from the heavens above may quell the
ongoing volatility at domestic bourses and offer a major boost to Asia’s third
biggest economy.

Yes, the focus is firmly on
the progress of the Southwest Monsoon which is set to pick up pace in the
coming days, cheering farmers, lending a boost to agricultural output and
signaling higher rural demand.

If the monsoon pans out as
predicted, increased farm incomes will be welcome news for shares of
automobile, agro, cement, consumer durable and FMCG companies as demand
from rural India, that makes up for almost 70 per cent of the country’s
population, strengthens.

The India Metrological
Department (IMD) has forecasted an above-normal monsoon for 2016 at 106 per
cent of the Long Period Average (LPA), a massive relief after two straight
years of sub-par rainfall. In its latest prediction, the country’s weather
office sees monsoon rains ending later than usual this year.

A strong monsoon will boost
agricultural GDP, helping the sector perform to potential, while enabling India
to consolidate its position as the world’s fastest growing major economy by
pushing growth close to the 8 per cent mark in FY 2016-17, bolstering the
appetite for the country’s financial assets including equities.

Further, above-normal rainfall
may help rein in inflation as prices of key food items are kept in check,
giving the RBI more room for monetary accommodation to bolster demand and
growth.

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Latin Manharlal Group, A Successful & Leading Provider of Financial Services for over two decades. It has become synonymous name with Reliability & Trust for their customers pan India with more than 200 channel partners and catering to more than 35000 clientele.
Latin Manharlal group has evolved itself from mere Equity Broking business to a full fledged Financial Service Provider through its various group companies.